At the beginning of the year, Learer Companys manager estimated total direct labor cost to be $2,509,000. The manager also estimated the following overhead costs for the year.

Indirect labor	$ 560,100
Rent on factory building	140,900
Factory utilities	156,900
DepreciationFactory equipment	480,900
Repairs expenseFactory equipment	60,900
Indirect materials	105,700
Total estimated overhead costs	$ 1,505,400

For the year, the company incurred $1,522,700 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,900; Job 202, $563,900; Job 203, $298,900; Job 204, $716,900; and Job 205, $314,900. In addition, Job 206 is in process at the end of the year and had been charged $17,900 for direct labor. No jobs were in process at the beginning of the year. The companys predetermined overhead rate is based on a percent of direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the overhead applied to each of the six jobs during the year. 1-c. Determine the over- or underapplied overhead at the year-end. 2. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end.